Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 126A

126A Exemption—special disability trusts

(1) Transfer duty is not imposed on a dutiable transaction that is—

(a) the transfer, or agreement for the transfer, of an eligible home to the trustee of a special disability trust; or

(b) the creation of a special disability trust holding dutiable property, to the extent the dutiable property is an eligible home; or

(c) a trust acquisition in a special disability trust, to the extent the trust interest acquired relates to an eligible home.

(2) In this section—

"eligible home" , in relation to a special disability trust, means residential land that is being, or will be, used as the principal place of residence by the beneficiary of the trust.

"special disability trust" means a special disability trust under—

(a) the Social Security Act 1991 (Cwlth) , section 1209L ; or

(b) the Veterans’ Entitlements Act 1986 (Cwlth) , section 52ZZZW .